Title
Resolution authorizing the transfer of $75,000 from the Reserve Account for Liability Insurance to the Claims Account 100-8811-517.61-02.
Body
WHEREAS, the Common Council has authorized payments of various claims during budget year 2016 which exceed the amount allocated to the Claims Account in the General City Expense Department; and
WHEREAS, it is necessary to replenish said account to ensure the authorized claims payments are made as agreed to; and
WHEREAS, the City’s Reserve for Liability Insurance was established to provide funding for such occurrences; and
WHEREAS, the available balance in the Reserve for Liability Insurance Account is $1,000,000.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of West Allis that the appropriate City officials are authorized and directed to transfer $75,000 from the Reserve Account for Liability Insurance to the Claims Account 100-8811-517.61-02.
ADM\ORDRES\ADMR565